Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cimarex Energy Co's accounts receivables for the quarter that ended in Sep. 2021 was $598 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Cimarex Energy Co's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 58.70.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cimarex Energy Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $-20.69.
Cimarex Energy Co Accounts Receivable Historical Data
The historical data trend for Cimarex Energy Co's Accounts Receivable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Cimarex Energy Co Accounts Receivable Explanation
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Cimarex Energy Co's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cimarex Energy Co's accounts receivable are only considered to be worth 75% of book value:
Cimarex Energy Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Cimarex Energy Co Accounts Receivable Related Terms
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Cimarex Energy Co (Cimarex Energy Co) Business Description
Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex's proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.
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